Stablecoin giant Tether sheds no new light on crypto reserves

Stablecoin giant Tether sheds no new light on crypto reserves

The latest financial disclosure from Tether, which serves as a controversial foundation for much of the cryptocurrency market, didn’t shed any more light on where its reserves are held. Tether Holdings Ltd. had assets totaling at least $69 billion as of Sept. 30, according to an assurance from Cayman Islands-based Moore Cayman. That includes $30.6 … Read more

Bitcoin nears $40,000 as shorts fuel rally on Amazon speculation

Bitcoin nears ,000 as shorts fuel rally on Amazon speculation

By Joanna Ossinger and Vildana Hajric Bitcoin surged close to $40,000 as a flurry of short-covering intensified a rally apparently sparked by speculation over Amazon.com Inc.’s involvement in the crypto industry. A job posting from the retail giant seeking an executive to develop the company’s “digital currency and blockchain strategy” stirred questions among analysts over … Read more